Answer:
a. $26,400
b. $20,520
c. $24,140.64
Explanation:
a. The computation of inventory cost by the first-in, first-out method is shown below:-
Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase
= 48 × $550
= $26,400
b. The computation of inventory cost by the last-in, first-out method is shown below:-
Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit
= (26 × $400) + (48 - 26) × $460
= $10,400 + $10,120
= $20,520
c. The computation of inventory cost by the average cost method is shown below:-
Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)
= $10,400 + $26,220 + $33,480 + $33,000
= $103,100
Per unit cost = Inventory cost ÷ Total number of units
= $103,100 ÷ (26 + 57 + 62 + 60)
= $103,100 ÷ 205
= $502.93
Inventory cost under average cost method = Per unit cost × Number of units
= 48 × $502.93
= $24,140.64
Therefore we have applied the formulas.
<span>The correct answer is "the elicitation effect."
The Elicitation Effect refers to the process wherein a person gathers intellect or knowledge about a certain process t be able to cope up with it. Based on the given situation, Toni is using elicitation, because he is thinking of what to do during lunch break, yet he waited to see if what the other employees would do during lunch break then he would just follow what they will be doing.</span>
Answer and Explanation:
Arguments for U.S. Company offshoring:
1. Cost savings:
Companies usually offshore manufacturing or services to developing countries where wages are low, thus resulting in cost savings. These savings are passed on to the customers, shareholders and managers of these companies.
2. Skills:
The competitive advantage of nations often means that some countries or regions develop a much better ecosystem for certain types of industries. This means there is better availability of skilled human resources in that region for specific types of tasks. For example, India and the Philippines have a large pool of English-speaking, college educated youth; as well as a mature training infrastructure; that makes it ideal for business process outsourcing. Therefore, many companies choose to offshore certain business functions (e.g. call centers for customer support) to these locations.
Arguments for U.S. Company offshoring:
1. Quality Control:
While companies can set quality standards for work performed by foreign employees, language and cultural barriers, as well as overseas supply chains, can present barriers to quality control. Products made overseas can be flawed because of out-of-date or worn equipment in overseas factories, or substandard raw materials. In 2000, for example, Masterlock had to recall more than 750,000 locks made in China. Worn dies at the Chinese factory produced locks that could be pulled apart without a key.
2. Public Image:
In times of high unemployment in the United States, sending jobs out of the country can hurt a company’s public image. Fewer regulations in other countries can make it less expensive for American factories to operate, but environmental damage and labor abuses that make the news can tarnish the image of companies involved there. Consumers have organized boycotts against companies that use child labor or sweatshops to produce clothing and shoes. In response, companies such as Nike, Dell and Gap have established codes of conduct for their suppliers.
Answer:
$0
Explanation:
According to the scenario, computation of the given data are as follow:-
Contributed amount = $20,000
Distribution amount = $15,000
As we know,
Taxable amount = Distribution amount - contribution amount
= $15,000 - $20,000
= - $5,000
The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.
She included $0 amount in her gross income this year.
Answer:
Convert the bonds into 20 common stocks.
Explanation:
the investor has 3 options:
- sell the bond at $1,000 x 1.005 = $1,005
- sell the bond to the corporation at $1,000 + $10 = $1,010
- convert the bond into 20 common stocks = 20 x $51 = $1,020
the option that yields the highest return is to convert the bonds into common stocks.
